Palmyra, MN is a great place to invest in real estate. The median value of housing in Palmyra is $288,700, which is significantly lower than the US house median value of $338,100. The US had an appreciation rate of 8.27% for houses over the past year, while Palmyra had an appreciation rate of 6.82%. This indicates that there is still potential for price growth in the housing market in Palmyra. Investing in properties in Palmyra can provide investors with a good return on their investment and help them build their wealth over time.
The median home cost in Palmyra is $288,700. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Palmyra is up 11.0%.
Average Age of Homes
- The median age of Palmyra real estate is 59 years old
The Rental Market in Palmyra
- Renters make up 10.6% of the Palmyra population
- 0.0% of houses and apartments in Palmyra, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.